← INSTEEL INDUSTRIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $37.2m |
$22.5m
-39.46%
|
$36.3m
+60.84%
|
$5.6m
-84.56%
|
$19.0m
+239.57%
|
$66.6m
+250.41%
|
$125.0m
+87.68%
|
$32.4m
-74.07%
|
$19.3m
-40.44%
|
$41.0m
+112.48%
|
— | |
| Depreciation, Depletion and Amortization | $11.5m | $11.6m | $12.8m | $13.6m | $14.3m | $14.5m | $14.5m | $13.3m | $15.4m | $18.4m | $18.0m | |
| Amortization of Debt Issuance Costs | $65k | $65k | $65k | $65k | $66k | $65k | $65k | $57k | $50k | $50k | — | |
| Amortization of Intangible Assets | $1.2m | $1.2m | $1.3m | $1.1m | $1.0m | $899k | $821k | $757k | $749k | $1.9m | — | |
| Depreciation | $10.4m | $10.5m | $11.6m | $12.5m | $13.2m | $13.6m | $13.7m | $12.5m | $14.7m | $16.5m | $18.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $14.5m | $13.3m | $15.4m | $18.4m | $18.0m | |
| Deferred Income Tax Expense (Benefit) | $536k | $2.5m | ($2.8m) | $1.8m | ($424k) | ($118k) | $327k | $238k | $4.2m | ($748k) | ($277k) | |
| Deferred Tax | — | — | — | — | — | — | $327k | $238k | $4.2m | ($748k) | ($277k) | |
| Share-based Payment Arrangement, Noncash Expense | $2.4m | $2.2m | $2.1m | $2.1m | $2.0m | $2.0m | $2.4m | $2.4m | $3.1m | $3.5m | $3.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.9m | $824k | $942k | $239k | $230k | $665k | $483k | $432k | $352k | $425k | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | |
| Asset Impairment Charge | — | — | — | — | — | $1.4m | $0 | $0 | — | $1.0m | $0 | |
| Other Nonoperating Income (Expense) | ($183k) | ($53k) | ($274k) | $1.8m | $1.3m | ($114k) | ($88k) | $3.4m | ($37k) | ($17k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($135.8m) | $97.6m | $17.6m | ($35.7m) | ($55.7m) | |
| Increase (Decrease) in Accounts Receivable | $607k | ($7.1m) | $11.2m | ($7.3m) | $5.8m | $14.1m | $13.7m | ($18.2m) | ($5.1m) | $20.4m | $2.6m | |
| Change In Receivables | — | — | — | — | — | — | ($13.7m) | $18.2m | $5.1m | ($20.4m) | $2.6m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($13.7m) | $18.2m | $5.1m | ($20.4m) | $2.6m | |
| Increase (Decrease) in Inventories | $5.2m | $10.7m | $12.3m | ($23.3m) | ($5.1m) | $10.1m | $118.6m | ($94.3m) | ($14.5m) | $36.5m | ($47.8m) | |
| Change In Inventory | — | — | — | — | — | — | ($118.6m) | $94.3m | $14.5m | ($36.5m) | ($47.8m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($2.0m) | ($16.9m) | ($639k) | $19.3m | ($9.7m) | |
| Net Cash Provided by (Used in) Operating Activities | $54.5m |
$20.3m
-62.77%
|
$54.0m
+165.82%
|
$6.6m
-87.76%
|
$56.2m
+750.85%
|
$69.9m
+24.29%
|
$5.7m
-91.89%
|
$142.2m
+2407.94%
|
$58.2m
-59.07%
|
$27.2m
-53.33%
|
$1.0m
-96.24%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($61k) | ($64k) | ($381k) | $1.7m | $1.1m | ($125k) | $480k | $3.3m | ($99k) | ($127k) | $111k | |
| Capital Expenditure | $13.0m | $20.6m | $18.4m | $10.5m | $7.1m | $17.5m | ($15.9m) | ($30.7m) | ($19.1m) | ($8.2m) | ($10.8m) | |
| Net Other Investing Changes | — | — | — | — | — | — | $9.9m | ($118k) | ($492k) | $4.5m | $4.3m | |
| Net Cash Provided by (Used in) Investing Activities | ($13.0m) | ($20.9m) | ($21.9m) | ($9.6m) | ($23.2m) | ($17.8m) | ($6.0m) | ($20.9m) | ($19.6m) | ($75.7m) | ($6.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $328k | $404k | $372k | $44.3m | $322k | $297k | $266k | $323k | $298k | $291k | ($18.5m) | |
| Proceeds from Issuance of Long-term Debt | $328k | $404k | $372k | $44.3m | $322k | $297k | $266k | $323k | $298k | $291k | $18.5m | |
| Issuance Of Debt | — | — | — | — | — | — | $266k | $323k | $298k | $291k | $18.5m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $266k | $323k | $298k | $291k | $18.5m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($266k) | ($323k) | ($298k) | ($291k) | ($18.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | ($266k) | ($323k) | ($298k) | ($291k) | ($18.5m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $1.2m | $2.3m | $1.8m | $2.3m | — | |
| Payments of Ordinary Dividends, Common Stock | $20.9m | $26.0m | $21.3m | $2.3m | $2.3m | $31.3m | $41.2m | $41.3m | $50.9m | $21.8m | ($21.7m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($41.2m) | ($41.3m) | ($50.9m) | ($21.8m) | ($21.7m) | |
| Common Stock Payments | — | — | — | — | — | — | ($1.2m) | ($2.3m) | ($1.8m) | ($2.3m) | ($3.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($1.2m) | ($2.3m) | ($1.8m) | ($2.3m) | ($3.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($1.2m) | ($2.3m) | ($1.8m) | ($2.3m) | ($3.0m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($41.2m) | ($41.3m) | ($50.9m) | ($21.8m) | ($21.7m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($483k) | ($609k) | ($352k) | ($425k) | ($553k) | |
| Net Cash Provided by (Used in) Financing Activities | ($15.9m) |
($26.2m)
-64.22%
|
($20.2m)
+22.90%
|
($2.8m)
+86.08%
|
($2.5m)
+9.57%
|
($30.9m)
-1114.20%
|
($41.2m)
-33.43%
|
($44.0m)
-6.68%
|
($52.7m)
-19.91%
|
($24.4m)
+53.71%
|
($25.3m)
-3.62%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $30.5m | $21.2m | ($41.6m) | $77.4m | ($14.1m) | ($72.9m) | $22.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $89.9m | $48.3m | $125.7m | $111.5m | $53.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $49k | $0 | $0 | — | — | — | — | — | |
| Income Taxes Paid, Net | — | $9.3m | $7.8m | $1.7m | $1.9m | $16.8m | $41.5m | $7.8m | $3.3m | $10.8m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($2.5m) | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | $7.0m | $7.0m | $8.3m | $8.3m | $9.7m | $9.7m | $9.7m | $9.7m | $9.7m | $37.8m | $0 | |
| Income Tax Expense (Benefit) | $19.0m | $11.6m | $6.4m | $1.9m | $5.2m | $19.5m | $36.7m | $9.3m | $6.0m | $12.8m | — | |
| Investment Income, Interest | $166k | $248k | $515k | $293k | $473k | $21k | $326k | $3.7m | $5.4m | $2.1m | — | |
| Operating Lease, Expense | — | — | — | — | $1.3m | $1.4m | $1.4m | $1.3m | $1.3m | $1.9m | — | |
| Payments of Financing Costs | $11k | — | — | $263k | $0 | $0 | — | $177k | $0 | $0 | — | |
| Proceeds from Stock Options Exercised | $5.1m | $107k | $2.1m | — | $0 | $1.1m | $1.6m | $239k | $428k | $62k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($41.2m) | ($44.0m) | ($52.7m) | ($24.4m) | ($25.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($6.0m) | ($20.9m) | ($19.6m) | ($75.7m) | ($6.5m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($41.6m) | $77.4m | ($14.1m) | ($72.9m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.5m) | $1.9m | ($1.3m) | $1.9m | ($834k) | |
| Changes In Cash | — | — | — | — | — | — | ($41.6m) | $77.4m | ($14.1m) | ($72.9m) | ($30.7m) | |
| End Cash Position | — | — | — | — | — | — | $48.3m | $125.7m | $111.5m | $38.6m | $22.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($41.2m) |
($44.0m)
-6.68%
|
($52.7m)
-19.91%
|
($24.4m)
+53.71%
|
($25.3m)
-3.62%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($10.2m) | $111.5m | $39.1m | $18.9m | ($9.8m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($480k) | ($3.3m) | $99k | $127k | $111k | |
| Investing Cash Flow | — | — | — | — | — | — | ($6.0m) | ($20.9m) | ($19.6m) | ($75.7m) | ($6.5m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | ($72.1m) | ($33k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $0 | $9.9m | $4k | $107k | $8k | |
| Operating Gains Losses | — | — | — | — | — | — | ($480k) | ($3.3m) | $99k | $127k | $111k | |
| Other Non Cash Items | — | — | — | — | — | — | ($299k) | ($474k) | ($1.5m) | ($402k) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $1.6m | $239k | $428k | $62k | $0 | |
| Purchase Of Business | — | — | — | — | — | $0 | $0 | — | — | ($72.1m) | ($33k) | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $9.9m | $4k | $107k | $8k | |
| Stock Based Compensation | — | — | — | — | — | — | $2.4m | $2.4m | $3.1m | $3.5m | $3.5m |